Gasoline, diesel prices go up

[2/3/2018 4:25:17 PM]

AMMONNEWS - The government’s fuel pricing committee on Saturday decided to raise the prices of unleaded 90-octane gasoline and diesel by JD0.015 per litre and unleaded 95-octane gasoline by JD0.025 as of Sunday.

The committee also decided to maintain the price of kerosene at JD0.520 per litre and the price of gas cylinders at JD7, the Jordan News Agency, Petra, reported.

The price of one litre of unleaded 90-octane gasoline will go up during February to JD0.765, up by 2 per cent from January’s price that stood at JD0.750 per litre.

The price of unleaded 95-octane gasoline will mark a 2.5-per cent increase, selling at JD1 per litre, compared to JD0.975 last month.

The price of diesel will increase to JD0.565 per litre, up by 2.7 per cent, compared to JD0.550 in January.

Despite the price hike of kerosene in the international market, the committee decided to maintain its local prices at JD0.520 per litre.

Regarding gas cylinders, the panel said it maintained the local price despite the increase on international rates to JD9.23.

The committee attributed such decisions of maintaining prices to a government procedure that aims at alleviating burdens off low-income segments and in line with domestic economic conditions.

Prices of oil derivatives in the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes.

The committee said that it referred to international oil prices, which showed that the cost of a barrel of crude Brent oil went up to $69.23 in January compared to $64.19 in December, Petra reported.

All derivatives are subject to a JD0.006 stamp fee, in addition to other fixed fees related to transport, storage and insurance.